Highland Capital Management LLC Sells 150 Shares of NXP Semiconductors (NASDAQ:NXPI)

Highland Capital Management LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,016 shares of the semiconductor provider’s stock after selling 150 shares during the quarter. Highland Capital Management LLC’s holdings in NXP Semiconductors were worth $1,250,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. ORG Wealth Partners LLC lifted its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC boosted its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group increased its position in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC raised its stake in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $211.39 on Friday. The company has a market capitalization of $53.73 billion, a P/E ratio of 20.17, a P/E/G ratio of 3.25 and a beta of 1.47. The business has a fifty day simple moving average of $216.41 and a two-hundred day simple moving average of $232.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 earnings per share. On average, analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC decreased their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Susquehanna dropped their price target on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Truist Financial reduced their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Finally, UBS Group reduced their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $270.85.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.